Success Unlimited Inc

Charity Navigator Rating: Needs Improvement

Success Unlimited Inc received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 60%. This rating indicates that the organization has room for improvement in its accountability and financial practices. Notably, there are concerns regarding the composition of its board, as it currently has no independent members, which is a significant factor in governance assessment.

Despite these governance issues, Success Unlimited Inc has shown positive aspects, such as no material diversion of assets and a good liabilities to assets ratio at 21.49%. The organization also maintains a conflict of interest policy and has documents such as board meeting minutes readily available. However, the absence of a whistleblower policy and the failure to post its tax form on the nonprofit’s website are key areas that need attention.

Overall, while Success Unlimited Inc demonstrates some strengths in its financial management, the lack of independent board members and other governance shortcomings limit its effectiveness. Improvements in these areas could enhance the organization’s credibility and operational sustainability.

This AI summary has been generated from information found on Charity Navigator.

Success Unlimited Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Success Unlimited Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $121,661
Professional Fundraising Fees: $0
Other Salaries and Wages: $181,943

For more financial information, click here

Official website here: www.successunlimitedinc.org